QUESTION: 177

Which of the following must be considered when designing the basic framework for a cash management system?

Industry standards and practices
SEC regulations
FASB rulings
Public company listing guidelines

Answer(s): A

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QUESTION: 178

To arrive at today’s projected closing cash position, a cash manager starts with:

the opening bank available balance.
yesterday’s projected closing cash position.
the general ledger cash balance.
today’s expected settlements.

Answer(s): A

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QUESTION: 179

A national retailer’s cash management system includes a field deposit system using multiple banks. To limit the impact of a failure of one of these banks, a cash manager should:

consolidate all accounts at one bank.
use wire transfers for concentration.
monitor each bank’s credit policies.
concentrate cash on a regular basis.

Answer(s): D

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QUESTION: 180

Net working capital is defined as:

cash minus accrued liabilities.
current assets minus current liabilities.
investments minus current liabilities.
total assets minus total liabilities.

Answer(s): B

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Free AFP CTP Exam Questions (page: 58)

QUESTION: 177

QUESTION: 178

QUESTION: 179

QUESTION: 180

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